PHONE: 414-223-1099 TOLL-FREE: 1-800-236-1096
SEND US A QUESTION OR COMMENT FOR OUR NEXT SHOW

Money Talk Podcast, Friday Nov. 16, 2018

Play

 

Landaas & Company newsletter  November edition now available.

Advisors on This Week’s Show

BOB LANDAAS

BRIAN KILB

KYLE TETTING

ART ROTHSCHILD

(with Max Hoelzl and Joel Dresang)

Week in Review (November 12-16, 2018)

SIGNIFICANT ECONOMIC INDICATORS & REPORTS

Monday

No major releases

Tuesday

No major releases

Wednesday

The broadest measure of inflation, the Consumer Price Index, rose 0.3% in October, led by a 3% jump in gasoline prices. Higher costs for shelter costs and used vehicles also contributed to the increase. Excluding the volatile categories of food and energy, the CPI rose 0.2%, the Bureau of Labor Statistics reported. The general index grew 2.5% since October 2017, which was up from 2.3% in September. Core prices rose 2.1% in the last 12 months – the lowest level since February, and another sign that inflation is not an imminent threat.

Thursday

A key measure of consumer spending – retail sales – grew more than analysts expected in October, possibly boosted by post-hurricane-related sales of vehicles and building supplies. Price increases at gasoline stations led 13 retail categories, according to the Commerce Department. Only furniture stores and restaurants had lower sales than in September. Year-to-year, retail sales rose 4.6%, which is above the 21-year average of 4.3%. Consumer spending accounts for more than two-thirds of U.S. economic activity.

The four-week moving average for initial unemployment claims rose for the seventh time in eight weeks, a week following its lowest level since December 1969. The Labor Department indicator is 39% below the 51-year average, suggesting that employers continue to be reluctant to let workers go. The extraordinarily tight labor market should be boosting confidence, if not wages, which should fuel more consumer spending.

Business inventories rose 0.3% in September, lagging a 0.4% increase in sales, according to another Commerce Department report. Year-to-year, inventories rose 4.4% while sales rose 6.6%, suggesting businesses need to keep building supply to keep up with demand. Inventory buildup is a key contributor to U.S. economic growth.

Friday

The Federal Reserve reported that industrial production edged up in October. Manufacturing output offset production declines in the mining and utilities sectors. The Fed said factories were slightly more productive than initially estimated in September and August. Meantime, capacity utilization grew to 78.4%, remaining below the long-term average of 79.8%. Economists begin to worry about inflation pressure when the rate gets above the long-term average, which reached since April 2008.

Where the Markets Closed for the Week

  • Nasdaq – 7,248, down 159 points or 2.1%
  • Standard & Poor’s 500 – 2,736, down 45 points or 1.6%
  • 10-year U.S. Treasury Note – 3.08%, down 0.11 point
  • Dow Jones Industrial– 25,413, down 576 points or 2.2%

Send us a question for our next podcast.
Not a Landaas & Company client yet? Click here to learn more.
More information and insight from Money Talk
Money Talk Videos
Follow us on Twitter.

Landaas newsletter subscribers return to the newsletter via e-mail.


Text Size:  A  A  reset

No client or potential client should assume that any information presented or made available on or through this website should be construed as personalized financial planning or investment advice. Personalized financial planning and investment advice can be rendered only after engagement of the firm for services, execution of the required documentation, and receipt of required disclosures.
Landaas & Company performs investment advisory services only in those states where it is licensed, or excluded or exempted from state investment advisor licensing requirements. All responses to inquiries made by prospective customers to this internet site will not be made absent compliance with state investment advisor and investment advisor rep licensing requirements, or applicable exemptions or exclusions from licensing.
Please contact the firm for more information.
MEMBER FINRA MEMBER SIPC

Powered By: mindspike design
ADDRESS: 411 E. WISCONSIN AVENUE, 20TH FLOOR MILWAUKEE, WI 53202
© 2018 Landaas & Company